Business

Sajid Javid will ‘simplify’ the tax system in first Budget

[ad_1] Image copyright EPA Chancellor Sajid Javid has said he wants simplify the tax system ahead of his Budget in the autumn.In his first interview since becoming Chancellor, Mr Javid told the Times he was a "low tax guy" but said it was important to "always be thinking about the lowest paid". He added that maximising revenue "doesn't always mean that you have to have the highest tax rate possible".
Business

Hong Kong protests: ‘We don’t want to leave but may have no choice’

[ad_1] Image copyright Miro Image caption Taylor Host and Jamie Wilde are moving the HQ of their firm Miro out of Hong Kong Hong Kong seemed an obvious place for co-founders Jamie Wilde and Taylor Host to set up their artificial intelligence start-up.They had lived there for several years and knew the financial hub well. "It's a business-friendly jurisdiction, easy to build a professional team and it's easy to raise
Business

Harland and Wolff: ‘Positive talks’ over shipyard future

[ad_1] Image copyright Pacemaker There have been "positive discussions" regarding the sale of Belfast shipyard Harland and Wolff, according to the administrators.The business entered administration earlier this month, with accountancy firm BDO overseeing the process.The move places 120 jobs at risk and could spell the end of the firm, best known for building the Titanic. BDO said it hoped the ongoing talks may lead to "credible offers".Harland and Wolff enters
Business

Ted Baker dumps Debenhams for Next on children’s clothing

[ad_1] Image copyright Getty Images Ted Baker is ending its partnership to sell children's clothing through Debenhams and is switching to Next.It has signed a five-year deal with Next, who will "create and sell" Ted Baker-branded clothes, shoes and accessories for babies and children.The news comes just months after Debenhams, which has sold Ted Baker's children's line for more than a decade, announced plans to shut 22 stores.But Ted Baker
Business

Share trading in London delayed by technical issue

[ad_1] Image copyright Getty Images Trading in the biggest shares listed on the London Stock Exchange has been delayed for more than an hour because of a technical problem.Shares in the FTSE 100 and FTSE 250 indices were affected by the issue, although smaller stocks were trading.The LSE said it was investigating a "potential trading services issue", and an update was due at 09:15.The last time the market failed to
Business

Huawei gets caught up in China territory controversy

[ad_1] Image copyright Getty Images China's Huawei, the tech giant under scrutiny for its alleged links to the Chinese government, has become caught up in a controversy surrounding the representation of Taiwan.Huawei has come under fire for allegedly implying in its smartphone settings that Taiwan is independent.Despite a backlash on social media, Huawei has declined to comment.It is the latest firm - and an unexpected one - to get caught
Business

Six things that affect your chance of a pay rise

[ad_1] Image copyright Getty Images How easy is it to get a pay rise?You could try to wrangle more money out of your employer with hard work or canny negotiating tactics. But in practice, other factors are likely to be more important. Some of these are in our control, but more often they come down to luck.Being young (and born at the right time)Pay tends to rise the fastest during
Business

What has gone wrong with rail franchising?

[ad_1] Image copyright Getty Images The debate over the future of running Britain's rail network flared up once more this week.While the government tepidly defended its system, unions and passengers united to attack it as prices were hiked again above the government's own preferred measure of inflation.Even the Department for Transport called the current model "flawed" as it announced that FirstGroup was to take over the running of the London
Business

Brexit: ‘I don’t want to struggle with the mortgage’

[ad_1] Image copyright Ian Rutter Image caption Ian Rutter has cut his spending due to Brexit worries. "We are heading for instability."Ian Rutter is a healthcare worker at a hospital in Harrogate, and he is very worried about the economic effects of Brexit.So much so, he has taken on more weekend agency work to set money aside, and has cut his spending.With the prospect of a no-deal Brexit and increased